Author: Home & Loans Blog

Prafulla Mishra is an experienced financial analyst & writer who is well known for his ability to foretell market trends as well. I have worked extensively in the finance sector along with many organizations. I spend most of my time on reading finance related stuff on google and love to share my expertise with readers.
cibil score

A Comprehensive Insight on How CIBIL Score Is Calculated and Why It’s Important

The financial industry today heavily relies on a singular metric, the Credit Score. This crucial metric decides an individual’s eligibility for financial products, such as loans and credit cards. CIBIL, also known as the Credit Information Bureau (India) Limited, is a prominent credit information company in India that determines credit scores based on an individual’s credit history. In this article, we will delve into the … Continue reading A Comprehensive Insight on How CIBIL Score Is Calculated and Why It’s Important

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cibil score

A Quick Guide to Check Your Credit Score Report for Free in Minutes

Maintaining a high credit score is essential for securing loans, getting approved for credit cards, and even for renting an apartment. It’s an indicator of your creditworthiness, which lenders use to determine the level of risk involved in lending you money. If you maintain a good credit score, you’ll have better access to credit, better interest rates, and better lending terms. One of the easiest … Continue reading A Quick Guide to Check Your Credit Score Report for Free in Minutes

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cibil score

What Are the Reasons for Immediate CIBIL Score Depletion?

CIBIL score is a three-digit numerical representation of an individual’s creditworthiness, ranging from 300 to 900. A higher score implies a better credit history, while a lower score implies a poor credit history. It is one of the most critical factors considered by financial institutions to approve loan or credit card applications. The CIBIL score is based on an individual’s credit history, including credit card … Continue reading What Are the Reasons for Immediate CIBIL Score Depletion?

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Home Loan

A Comprehensive Guide to Home Loan Eligibility Criteria

If purchasing a home in India is part of your plans, it’s likely that you’ll require a home loan, which is a significant financial obligation. Thus, it’s crucial to determine if you meet the eligibility requirements. This article aims to discuss the home loan eligibility criteria in India, particularly the essential aspect of the home loan down payment. Income Criteria Your income is a crucial … Continue reading A Comprehensive Guide to Home Loan Eligibility Criteria

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Home Loan

Comparing Home Loan Interest Rates: Tips to Get the Best Deal

Obtaining a home loan can be a substantial financial commitment, and selecting the appropriate loan is crucial, as it can significantly impact an individual’s finances in the long run. Among the various factors that one should consider when applying for a home loan, the interest rate holds utmost importance. The interest rate determines the cost of borrowing, which directly impacts the monthly EMI (Equated Monthly … Continue reading Comparing Home Loan Interest Rates: Tips to Get the Best Deal

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Home Loan

The Importance of Down Payment in Home Loans

Acquiring a house is a major financial commitment that many people make in their lifetime. Given the high cost of properties, most individuals are unable to pay the full amount upfront. Home loans come in handy in such situations, as they enable individuals to purchase their dream homes by providing financial support. However, to apply for a home loan, it is essential to understand the … Continue reading The Importance of Down Payment in Home Loans

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Loan Against Property

A Comprehensive Guide to the Mortgage Loan Application Process

Purchasing a property in India can be an exciting and significant investment for many individuals. However, it can also be a complex and overwhelming process, particularly if you’re not familiar with the steps involved. One of the most critical aspects of buying a property is obtaining a mortgage loan, which is a significant financial commitment that requires careful consideration and planning. The mortgage loan application … Continue reading A Comprehensive Guide to the Mortgage Loan Application Process

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Loan Against Property

Loan-to-Value Calculator: Determining the Right Amount to Borrow

Determining the correct amount to borrow is essential when considering taking out a loan. To aid in this decision-making process, the Loan-to-Value (LTV) calculator is an extremely useful tool. Both lenders and borrowers utilize this calculator to determine the maximum amount that can be borrowed against a specific asset. What is a Loan-to-Value (LTV) Calculator? The LTV calculator is a financial instrument that enables you … Continue reading Loan-to-Value Calculator: Determining the Right Amount to Borrow

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Loan Against Property

Understanding Property Loan Interest Rates: Tips for Negotiation

Purchasing a property often necessitates taking out a loan, but with varying interest rates, it can be challenging to find a loan that meets both one’s financial needs and requirements. The differing interest rates on property loans can have a significant impact on the overall cost of the loan, which is why borrowers need to carefully evaluate their options. A higher interest rate means paying … Continue reading Understanding Property Loan Interest Rates: Tips for Negotiation

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cibil score

A Comprehensive Overview to Know About CIBIL Score

A decent CIBIL score is essential for individuals who wish to obtain credit easily and at favorable interest rates. The CIBIL score is a numerical representation of your credit history, and it is determined by analyzing your credit repayment habits and credit usage patterns. A high CIBIL score, with 900 being the maximum score attainable, implies that you have a reliable credit history and are … Continue reading A Comprehensive Overview to Know About CIBIL Score

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